Here are four reasons to consider buying today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 3.7% over the last 12 months. The same report ...Read More
Located in San Francisco’s District 3, just south of Lake Shore and west of Lakeside, Stonestown is a mid-century neighborhood with a definite college vibe. Home to the Stonestown Galleria and San Francisco State University, much of the residential portion of Stonestown, aka Parkmerced, was a planned community designed to encourage San Franciscans to stay in the city by offering the amenities of the suburbs, combined with the conveniences of city life.
Today Stonestown is probably best known for its shopping center, developed by the Stoneson Development Company, which opened in 1952. Adjacent to the University of San Francisco campus, the Galleria serves as the commercial hub for surrounding neighborhoods. The nearby apartment complexes in Parkmerced are popular with college students and tenants who appreciate the proximity to the university and the practicality of affordable housing, public transportation, shopping, and recreational opportunities at nearby Lake Merced and Harding Park.
Most of the homes in Stonestown are apartment rentals; and, in fact, Parkmerced, which lies to the south of the university, is the second largest single-owner community of apartment buildings in California. Apartment buildings in Stonestown represent a mix of mid-century sensibilities, including garden apartment complexes and mid/high-rise apartment towers.
Although real estate doesn’t typically hit the “for sale” market in Stonestown, it is a great place to look if you are looking for a rental in a well-kept San Francisco neighborhood that offers a suburban feel and city energy.
Contact a member of the San Francisco Modern Team if you'd like to preview any of these Stonestown listings or utilize our website to explore San Francisco mls listings.